Pekao Bank Hipoteczny S.A. – Pekao Bank Hipoteczny
In 2014, Pekao Bank Hipoteczny, as a specialized mortgage bank, continued to pursue its strategy focused on the creation of a secure loans portfolio, strived to maintain competitive position on the market of commercial properties, as well as loans for purchase, construction, refurbishment or modernization of housing loans to individuals.
At the end of 2014, net value of loans portfolio of Pekao Bank Hipoteczny amounted to PLN 1,747.2 million, an increase by PLN 118.3 comparison to 2013. Loans granted to individual clients and loans granted to corporate and local governments represent comparable share in loan portfolio structure.
In 2014, within the framework of a strategy focused on financing middle size projects, the volume of new commercial real estate loans accounted for 82% of total loan sales.
In 2014, within the second Program of Covered Bonds to bearer, bank successfully conducted two public issuances of covered bonds thereof one denominated in foreign currency.